Sell HTZ by Nov 5, 2026.

Sure Q2 ER showed better than expected results so I would expect 20-30% upside movement as the stock was already bottoming but has anyone actually read the S-3ASR filing before piling into calls? Yes, Knighthead/Certares (\~59%) and Ackman's Pershing Square (\~19.8%) control \~79.8% of the company. But separately, as part of the $350M exchangeable notes deal in late June, Hertz lent roughly 37 million shares to J.P. Morgan Securities which was delta hedged via short sales. This is 1/3 of …